Panel debate on carbon prices for Russian radio

Rajenda Pachauri, the Chairman of the UN Intergovernmental Panel on Climate Change (IPCC), asserts that the financial markets are humanity’s only hope to combat global warming. He said: “An extremely effective instrument is to put a price on carbon. It is only through the market that you can get a large enough and rapid enough response”. Others however have expressed considerable doubt as to whether carbon taxes and prices could deliver radical and urgent reductions in emissions. To debate this subject EcoPlus welcomesKevin Anderson, Professor of Energy and Climate Change at the University of Manchester, and Director of the Tyndall Energy Programme, Oleg Shibanov, Finance Professor of the New Economic School in Moscow, and Elena Koritchenko, Head of Environmental and Social Compliance at Bank Otkritie in Moscow.